JHS Svendgaard Laboratories Reports Positive Sales Trend in Recent Financial Results

Aug 13 2024 11:31 AM IST
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JHS Svendgaard Laboratories, a microcap FMCG company, reported a flat performance in the quarter ending June 2024. However, the company's net sales, operating profit, and efficiency have shown improvement compared to the previous quarters. The company's PBT and debtors turnover ratio have also shown positive trends.
JHS Svendgaard Laboratories, a microcap FMCG company, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, JHS Svendgaard Laboratories has shown a flat performance in the quarter, with a score of 5 compared to -5 in the previous quarter. However, there are some positive aspects to the company's financials.

The net sales for the quarter were the highest in the last five quarters, at Rs 24.48 crore. This is a 32.5% growth compared to the average net sales of the previous four quarters, indicating a positive sales trend in the near term. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters, at Rs 1.96 crore. The company's efficiency has improved, as seen by the highest operating profit margin of 8.01% in the last five quarters.

Moreover, the profit before tax (PBT) less other income for the quarter was the highest in the last five quarters, at Rs -0.12 crore. This shows a positive trend in the near term for the company's PBT. Additionally, the company has been able to settle its debtors faster, with a debtors turnover ratio of 5.74 times in the last five half-yearly periods.

Overall, while JHS Svendgaard Laboratories may have shown a flat performance in the quarter, there are some positive signs for the company's financials. Investors should keep an eye on the company's future performance to make informed decisions.
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